First Empire Asset Management, Inc. (FEAM) is an SEC-registered investment advisor that offers personalized investment services to high net worth individuals, foundations, endowments, trusts and corporate clients. Our clients benefit from direct access to our portfolio managers. We actively communicate with our clients providing personalized attention and investment customization. FEAM specializes in actively managed global diversified equity and fixed income strategies.
We offer a unique family of investment strategies customized to each client’s specific needs and risk return requirements.
FEAM’s Investment Strategies
FEAM50 Strategy is a large capitalization growth strategy focused on producing solid risk-adjusted returns over an economic cycle. The FEAM50 strategy utilizes a structured investment process consisting of quantitative screening, bottom-up fundamental analysis and top-down evaluation of future economic activity. The resulting strategy typically consists of 50 equally weighted holdings. We seek out holdings which we believe are characterized by a high level of profitability and earnings growth rates, high quality and predictability of earnings and shares that trade at a reasonable valuation relative to their expected earnings growth rates. At the discretion of the investment advisor, the composite may have fewer than 50 holdings, or be in a portion or all cash or cash equivalent position, due to existing market conditions. The weightings of the portfolio holdings will vary based on market conditions and other factors; however, the strategy will be rebalanced periodically to restore the equal weighting. |
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Diversified Global Strategies (DIGS) are long-biased, diversified, large capitalization growth strategies seeking to produce consistent returns with well controlled risk. The DIGS combine a proportion of the FEAM50 Strategy with FEAM's Risk Control Module (RCM), a selection of statistically diversified global Exchange Traded Funds (ETFs). The FEAM50 seeks to provide solid risk-adjusted returns over an economic cycle; the RCM provides global diversification with synthetic short characteristics, with the goal of providing significant downside protection.
Active Portable Alpha Strategies (APA) are long-biased, leveraged, diversified, large capitalization growth strategies seeking to produce high total return with well controlled risk. The Active Portable Alpha Strategies combine a leveraged FEAM50 Strategy with FEAM's Risk Control Module (RCM), a selection of statistically diversified global Exchange Traded Funds (ETFs). The FEAM50 component is leveraged seeking significant upside potential. The RCM component provides global diversification with synthetic short characteristics, seeking to offer significant downside protection.
Fixed Income Strategies are customized strategies focused on meeting each client’s specific investment policies, as well as applicable federal and state income tax requirements. Taxable and tax-free securities may be combined to provide the most attractive after-tax income for the client. FEAM employs a top-down investment style for managing our clients’ fixed income portfolios. We focus on security selection, diversification and yield curve structure using fundamental research as well as proprietary products to identify and seek value for our clients. This strategy aims to outperform benchmarks and control risk, regardless of the direction of interest rates.
Our Chief Investment Officer, Michael Obuchowski, PhD., frequently appears in the media. He has appeared on Bloomberg Television, Bloomberg Radio, Fox Business Channel, Report on Business, and even ARD German Television commenting on various topics, including favorite sectors and global economic trends.
Our Affiliates
First Empire Asset Management, Inc. is an affiliate of First Empire Securities, Inc. (FES), which is a registered full-service institutional broker-dealer and member of FINRA and SIPC. FES has been servicing customers nationwide for more than twenty years and maintains over $3.5 billion in client assets with its safekeeper, Pershing, LLC. Other affiliated companies include Balance Sheet Management Services, Inc., a provider of comprehensive balance sheet analytical services for institutional clients; LPC Services, Inc. which works with depository institutions matching buyers and sellers of loans and assists its clients with managing their balance sheet/loan portfolios; and First Empire CD Management, Inc. which offers its institutional clients variable and fixed rate CDs and CD portfolio strategies utilizing its national network of institutions.
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